Ask a Bankruptcy Lawyer

If my ex-husband is filing bankruptcy and I am a secondary or signer with some of the creditors, will that debt be covered by his judgement?

If you are liable on his debts before he files bankruptcy then you will …

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Mark J. Markus, Law Offices Of answered 1 year ago

Should we be making payments on a Chapter 7?

That all depends. You've obviously omitted a lot of relevant facts.  Were there non-exempt …

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Mark J. Markus, Law Offices Of answered 1 year ago

How does the automobile exemption work in a bankruptcy?

Exemptions vary from state to state.  Exemptions are "protections" for value you have in …

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Mark J. Markus, Law Offices Of answered 1 year ago

What is my recourse if my former partner who owns 24.5 % of the stock in my business and owes me 4.3 M dollars has filed a Chapter 7?

If there are assets being distributed in the Chapter 7, you will be notified …

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Mark J. Markus, Law Offices Of answered 1 year ago

If you are current on a mortgage and stop making payments while in Chapter 7, what happens? 

If he stops making payments, eventually the mortgage lender will foreclose.  As long as …

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Mark J. Markus, Law Offices Of answered 1 year ago